Articles About Home Renovation Loans

Private Mortgage Loans: What They Are and How They Work

Getting approved for a conventional mortgage isn’t always easy—especially if you have poor credit or lack confirmable income. Fortunately, private mortgage loans can fill the gap when you don’t meet the criteria of conventional lenders.

How do I calculate how much home equity I have?

Buying a home for the first time is a fantastic experience. The process seems like it goes by super quickly, but so many homebuyers do not realize some of the expenses of buying your first home. So, we thought it was about time that we took some time to let you know some of the costs that you may face when it is time to put pen to paper. We should note that each sale is a little different, and you might see different or lower costs when it is your time to buy.

Interest Rates Increasing – Time To Refinance?

A couple of weeks ago, the Bank of Canada increased the overnight rate again by 0.5 per cent. We are looking at yet another raise from all indications as the government seems to cool the red-hot housing market and curb rising inflation across the country. However, for those with a mortgage, the question is, is now the time to refinance? It will depend on your specific situation, but here are a couple of things to consider when looking at if it is time to refinance.

Should You Use Your Home Equity for a Loan or Line of Credit

One of the ways you can take advantage of your current status is by using your home equity as collateral. It’s important to consider what your home equity position is. Have you been paying off your mortgage for a long time and have a lot of equity? Your equity builds up every year in your property and as you pay off the loan, you’re also increasing that equity.

6 Tips to Help You Refinance Your Mortgage for a Better Rate

When you’re dealing with large amounts of money involved in owning a home, even the smallest rate difference can save you a lot. We have put together the tips that can help you save big if you choose to refinance your mortgage to take advantage of the lowest rates.

What Renovations Increase the Value of Your Home & Why its Wise to do Them

There are certain renovations that can offer more value than others. If you’re selling your home, you will want to know what renovation efforts are going to be worth the most to potential home buyers. Some renos may be expensive without adding that much value, causing you to sell at a loss.
We’ll walk you through the factors to consider when it comes to home renovations.

Mortgage vs. HELOC: When Each One is Best

Are you trying to decide whether a mortgage or HELOC is best for your property? Here are some things to consider.

How Home Equity Loans and HELOCs Work

Are you looking to borrow equity from your home? You have two main options: home equity loans and HELOCs. In this article, we’ll look at how they both work.

4 Best Uses for Home Equity Financing

Do you have a lot of home equity and you’re looking to put it to good use? Here are 4 of the best uses for home equity financing.

How to buy home and auto insurance in Canada

Each year in Canada, approximately one out of every twenty homes places an insurance claim and over 160,000 car accidents. With numbers this high, it’s no wonder that so many people are seeking out comprehensive insurance plans that will help to keep them safe and insured in the case of an accidental or unpredicted event.